SEPARATION AGREEMENT, RELEASE AND WAIVERSeparation Agreement • May 8th, 2013 • St Joe Co • Land subdividers & developers (no cemeteries) • Florida
This Separation Agreement, Release and Waiver (the “Agreement”) is made as of the 24th day of April, 2013, by and between Louis M. Dubin (“Employee”) and The St. Joe Company (the “Employer”).
NOTICE OF TERMINATION AND MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • May 8th, 2013 • St Joe Co • Land subdividers & developers (no cemeteries)
This Memorandum of Understanding, dated March 25, 2013, is between The St. Joe Company (the “Company”) and Thomas Hoyer (“Executive”) and confirms the Executive’s rights and obligations pursuant to his Employment Agreement (the “Agreement”) dated as of March 22, 2012. All capitalized terms herein shall have the same meanings as set forth in the Agreement.
INVESTMENT MANAGEMENT AGREEMENTInvestment Management Agreement • May 8th, 2013 • St Joe Co • Land subdividers & developers (no cemeteries) • Florida
Fairholme Capital Management, L.L.C., a Delaware limited liability company (“Manager”), and The St. Joe Company, a Florida corporation (“Client”), for good and valuable consideration, hereby enter into this Investment Management Agreement, dated as of April 8, 2013 (“Agreement”), and hereby agree that Manager shall act as discretionary adviser with respect to the assets of Client described below (“Investment Account”) on the following terms and conditions:
